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Property profile & analytics
OFF-MARKET
Estimated value
$14,165,000
Hotels
2320 Lincoln E Hwy Lancaster, PA 17602-1131
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-5056568
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Construction
FRAME
Total area
51,824 SF
APN
310-49418-1-0001
UPID
US73-5056568
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tru by Hilton Lancaster East Hotel & Motel
-
light & sound theater Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.01M
Blend (final)
Blend
$14.17M
Owner & transaction history
Haresh Joshi · 4 yrs held
Haresh Joshi
since 2021
Last sale
$13.0M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.2M
+31.2%
Restaurant
$12.1M
+4.5%
Medical building
$11.8M
+2.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$15,370,000
ML approach
$13,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$11,555,000
Current use
COMMERCIAL (GENERAL)
$15,165,000
Change: +31% · Conversion: Difficult
RESTAURANT
$12,070,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$11,800,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$9,570,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$14.17M
Range $12.75M – $15.58M · ±10% · vs last sale $13.00M (Oct 25 2021)
Last sale anchor
$13.00M
Oct 25 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$273 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$129,537
Tax year 2024
Assessed value
$6,398,300
Assessed 2024
Previous assessed
$6,398,300
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed improvement
$6,398,300
Improvement market value
$6,398,300
Total market value
$6,398,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
YES
Cooling
YES
Total area
51,824 SF
APN
310-49418-1-0001
UPID
US73-5056568
Jurisdiction
LANCASTER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$11.6M
COMMERCIAL (GENERAL)
Est. value
$15.2M
RESTAURANT
Est. value
$12.1M
MEDICAL BUILDING
Est. value
$11.8M
RETAIL STORES
Est. value
$9.6M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
FRAME
Heating
YES
Cooling
Yes
Current owner
From public records · entity-resolved
Haresh Joshi
Individual
Mailing address
985 N 38TH ST, ALLENTOWN, PA 18104-3378
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2021
$13,000,000
Haresh Joshi
Central Pa Equities 25 LLC
Special Warranty Deed
$9,100,000 · American Heritage FCU
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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